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NOVONIX Ltd ( (AU:NVX) ) has provided an update.
NOVONIX Limited announced a transition in its CEO role with Dr. Chris Burns stepping down, while Robert Long, the current CFO, will serve as interim CEO. This leadership change comes as the company embarks on a new phase of growth, scaling up operations and aiming for commercial-scale production at its Riverside facility, positioning itself for increased synthetic graphite production in the coming years.
More about NOVONIX Ltd
NOVONIX is a leading battery technology company focused on revolutionizing the global lithium-ion battery industry with innovative and sustainable technologies. The company produces industry-leading battery cell testing equipment, high-performance synthetic graphite materials, and has developed a patented all-dry, zero-waste cathode synthesis process. NOVONIX has established a significant presence in the electric vehicle and energy storage systems battery industry, driving advancements towards a cleaner energy future.
YTD Price Performance: -9.47%
Average Trading Volume: 148,067
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $260.9M
See more insights into NVX stock on TipRanks’ Stock Analysis page.
